Exhibit 4.46
 THIS
DEED OF AMENDMENT
 BY:
 INFOCOMM ASIA HOLDINGS PTE. LTD., Company
 MANAGEMENT CAPITAL INTERNATIONAL LTD MCIL
 CHINA INTERACTIVE LIMITED CIL
 MR. ONG TOON WAH, Founder
 WHEREAS
 (A)
    
    By an instrument made by way of deed poll (as amended and/or supplemented from time
to time, the Instrument) dated 30 April 2010 constituting warrants to subscribe for shares
in the Company, the Company issued Warrants conferring upon the Warrant Holders, amongst other
things, the right to subscribe for Warrant Shares in accordance with the terms of the
Instrument.
 (B)
    
    This Deed is supplemental to the Instrument and is entered into by each of the
Company and the Controlling Shareholders in order to confirm certain amendments to the
Instrument (including to the definition of Change of Control) required by, amongst other
matters, the proposed increase of Gigamedias shareholding in the Company to 80% of the issued
share capital of the Company (by the acquisition of all of the class A Shares held by CIL and
IIPL (upon which all such class A Shares shall be converted to Ordinary Shares), the
acquisition of all of the class B Shares held by Bodhi China and India Investments LLC, and
the subscription for 500,000 class B Shares). After conversion of the class A Shares to
Ordinary Shares, Gigamedia shall transfer 1,777 of such Ordinary Shares to the Founder.
 NOW THIS DEED WITNESSES
 1.
    
    Terms defined in the Instrument shall have the same meaning in this Deed. The
provisions of clauses 1.2 to 1.7 of the Instrument shall apply to this Deed mutatis mutandis
as if any reference therein to the Instrument were a reference to this Deed.




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2.
    
    Each of the Company and the Controlling Shareholders hereby irrevocably agrees that:
 (a)
    
    the definitions of Raffles and Raffles Deed of Undertaking and all
references to Raffles in the Instrument shall be deleted.
 (b)
    
    the definition of Change of Control shall be deleted and replaced with the
following:
 Change of Control means the event or circumstance (including a transaction or
series of transactions) where: (i) the Controlling Shareholders do not, or cease to,
collectively legally and beneficially own (directly or indirectly) at least eleven
per cent (11%) of the Fully Diluted Share Capital free from Encumbrance; (ii) the
Founder does not, or ceases to, beneficially own (directly or indirectly) at least
six point five per cent (6.5%) of the Fully Diluted Share Capital free from
Encumbrance; (iii) any person or persons (other than the Controlling Shareholders or
Gigamedia), individually or collectively with their Affiliates or other persons
acting in concert with them, legally or beneficially, and directly or indirectly,
own fifty per cent (50%) or more of the Fully Diluted Share Capital; (iv) any person
or persons (other than the Controlling Shareholders), individually or collectively
with their Affiliates or other persons acting in concert with them, legally or
beneficially, and directly or indirectly, Control a majority of the Board; or (v)
Gigamedia, individually or collectively with its Affiliates or other persons acting
in concert with it, legally or beneficially, and directly or indirectly, owns more
than eighty per cent (80%) of the Fully Diluted Share Capital. For the purposes of
this definition only, the term Fully Diluted Share Capital shall be construed (x)
as if the language contained in the parenthetical set out in part (a) of the
definition of Fully Diluted Share Capital were deleted from such definition and
(y) in the case of section (v) of this definition, excluding all Shares which would
be issued if all the outstanding Warrants for the time being had been exercised to
their maximum extent;.
 (c)
    
    the definition of Fully Diluted Share Capital shall be deleted and replaced
with the following:
 Fully Diluted Share Capital means, as at the relevant time, the aggregate of:
 (a)
    
    all Shares in issue, and with respect to Preference Shares, the
number of such Shares in issue shall be calculated on an as Converted Basis,
(but excluding all Shares which would be issued (i) to the public in the
Listing or (ii) pursuant to a Change of Control to persons other than Blizzard
or the Controlling Shareholders or Gigamedia);
 (b)
    
    all Shares which would be issued if all the outstanding
Warrants for the time being had been exercised to their maximum extent; and
 (c)
    
    all Shares which would be issued if all the Outstanding Options
exercisable at the relevant time had been exercised in full;.




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(d)
    
    Clause 6.2 of the Instrument shall be deleted and replaced with the following:
 6.2
    
    In the case of a Change of Control or an Asset Sale, if a
Warrant Holder does not exercise its rights under clauses 4.2, 4.3 or 4.5,
appropriate adjustment acceptable to the Warrant Holders represented by a
Written Consent shall be made with respect to any unexercised Subscription
Rights so that, after such adjustment, the total number of Warrant Shares in
respect of which the Subscription Rights will then be, or be capable of being,
exercised will carry:
 (a)
    
    as nearly as possible (and in any event not less than) the same
proportion (expressed as a percentage of the total number of votes exercisable
on a poll in respect of all the Shares) of the votes;
 (b)
    
    the same entitlement to participate (expressed as a percentage of the
total entitlement conferred by all the Shares) in the profits and assets of the
Company; and
 (c)
    
    the same entitlement to receive value (expressed as a percentage of
the total entitlement conferred by all the Shares) on the occurrence of an Exit
Event,
 as the total number of Warrant Shares which could have been subscribed pursuant to
the Subscription Rights conferred by the Warrants then outstanding would have had,
had the Asset Sale or Change of Control not occurred (and the Warrant Holders shall
be entitled, upon request, to obtain an opinion at the Companys expense from the
Approved Audit Firm confirming the terms of such adjustment), and the other rights
of such Warrant Holders under this Instrument shall be adjusted and construed
accordingly (in accordance with the terms of such Written Consent). For the
avoidance of doubt, in the case of any merger of the Company with another entity
which results in a Change of Control, any adjustment to the Subscription Rights of
any Warrant Holder pursuant to this clause 6.2 shall be based on the Fully Diluted
Share Capital of the Company excluding all Shares issued pursuant to such merger to
persons other than Blizzard or the Controlling Shareholders or Gigamedia..
 (e)
    
    Clause 10.1 of the Instrument shall be deleted and replaced with the following:
 All or any of the rights for the time being attached to the Warrants (including the
Subscription Rights) may from time to time (whether or not the Company is being
wound up) be altered or abrogated with the sanction of the Warrant Holders (by
Written Consent) and shall be effected by an instrument by way of deed poll executed
by the Company and the Controlling Shareholders and expressed to be supplemental to
this Instrument..
 (f)
    
    Clause 13.7 of the Instrument shall be deleted and replaced with the following:
 During the License Term and notwithstanding a Listing, the Founder shall:
 13.7.1
    
    not cease to beneficially own (directly or indirectly) at least six point
five per cent (6.5%) of the Fully Diluted Share Capital free from Encumbrance;
 13.7.2
    
    procure that no person or persons (other than the Controlling Shareholders or
Gigamedia) will, individually or collectively with their Affiliates or other
persons acting in concert, legally or beneficially, and directly or indirectly
own fifty per cent (50%) or more of the Fully Diluted Share Capital;
 13.7.3
    
    procure that no person or persons (other than the Controlling Shareholders)
shall individually or collectively with their Affiliates or other persons
acting in concert, legally or beneficially, and directly or indirectly, Control
a majority of the Board; and




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13.7.4
    
    procure that Gigamedia, individually or collectively with its Affiliates or
other persons acting in concert, shall not legally or beneficially, and
directly or indirectly, own more than eighty per cent (80%) of the Fully
Diluted Share Capital.
 For the purposes of this clause only, the term Fully Diluted Share Capital shall
be construed (x) as if the language contained in the parenthetical set out in part
(a) of the definition of Fully Diluted Share Capital were deleted from such
definition and (y) in the case of clause 13.7.4 only, excluding all Shares which
would be issued if all the outstanding Warrants for the time being had been
exercised to their maximum extent..
 (g)
    
    Clause 13.8 of the Instrument shall be deleted and replaced with the following:
 During the License Term and notwithstanding a Listing, each of the Controlling
Shareholders shall procure that:
 13.8.1
    
    the Controlling Shareholders shall not cease to beneficially own (directly or
indirectly) at least eleven per cent (11%) of the Fully Diluted Share Capital
free from Encumbrance;
 13.8.2
    
    no person or persons (other than the Controlling Shareholders or Gigamedia)
will, individually or collectively with their Affiliates or other persons
acting in concert, legally or beneficially, and directly or indirectly, own
fifty per cent (50%) or more of the Fully Diluted Share Capital;
 13.8.3
    
    no person or persons (other than the Controlling Shareholders) will,
individually or collectively with their Affiliates or other persons acting in
concert, legally or beneficially, and directly or indirectly, Control a
majority of the Board; and
 13.8.4
    
    Gigamedia, individually or collectively with its Affiliates or other persons
acting in concert, shall not legally or beneficially, and directly or
indirectly, own more than eighty per cent (80%) of the Fully Diluted Share
Capital.
 For the purposes of this clause only, the term Fully Diluted Share Capital shall
be construed (x) as if the language contained in the parenthetical set out in part
(a) of
the definition of Fully Diluted Share Capital were deleted from such definition
and (y) in the case of clause 13.8.4 only, excluding all Shares which would be
issued if all the outstanding Warrants for the time being had been exercised to
their maximum extent.
 3.
    
    Each of the Controlling Shareholders hereby makes the representations and warranties
set out in clause 13.1 of the Instrument to the Warrant Holder (as if any reference therein to
the Instrument included a reference to this Deed) and each of the Company and the Controlling
Shareholders hereby makes the representations and warranties set out in clause 13.2 of the
Instrument to the Warrant Holder (as if any reference therein to the Instrument included a
reference to this Deed).




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4.
    
    Each of the Company and the Controlling Shareholders hereby represents and warrants
that immediately after the increase of Gigamedias shareholding in the Company to 80% of the
issued share capital of the Company, the following Shares in the Company will represent the
total of: (i) the entire issued share capital of the Company; and (ii) all of those Shares in
the capital of the Company (excluding the Warrant Shares) which the Company is obliged to
issue upon the exercise in full of all Outstanding Options in existence at the date of this
Deed:
 Ordinary Shares
    
    1,050,000 (of which 450,000 shall be owned by MCIL, 1,777 shall be owned by
the Founder and 598,223 shall be owned by Gigamedia)
 5.
    
    Class B Shares (on a Converted Basis) 1,208,881 (all of which shall be owned by
Gigamedia)The Instrument, as amended and supplemented by this Deed, shall continue in full
force and effect.
 6.
    
    This Deed may be executed in any number of counterparts, which shall together
constitute the same instrument.
 7.
    
    This Deed is governed by, and shall be construed in accordance with, the laws of
Singapore. Clauses 21.2 through 21.4 (inclusive) of the Instrument shall apply to this Deed
mutatis mutandisas if any reference therein to the Instrument were a reference to this Deed.
 [Signature page follows]




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IN WITNESS WHEREOF
 Executed as a deed
 
 __________________ Signature of Director__________________ Name of Director__________________ Signature of Director/Secretary__________________ Name of Director/ Secretary
 [SIGNATURE PAGE TO THE DEED OF AMENDMENT]




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MANAGEMENT CAPITAL INTERNATIONAL LTD
 __________________ Signature of Director__________________ Name of Director__________________ Signature of Director/ Secretary__________________ Name of Director/ Secretary
 [SIGNATURE PAGE TO THE DEED OF AMENDMENT]




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CHINA INTERACTIVE LIMITED
 __________________ Signature of Director__________________ Name of Director__________________ Signature of Director/ Secretary__________________ Name of Director/ Secretary
 [SIGNATURE PAGE TO THE DEED OF AMENDMENT]




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EXECUTED AS A DEED BY
    
    
    )MR. ONG TOON WAH
    
    
    )
   Signature of witnessName of witnessAddress of witnessOccupation of witness
 [SIGNATURE PAGE TO THE DEED OF AMENDMENT]